SCOTUS: SEC Must Allow Trials For Those Accused Of Securities Fraud

US econ growth for last quarter is revised up slightly to 1.4% annual rate

( ) -q-25- UNDATED (Correspondent Jeremy House) “in business inventories.”

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022.

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Out-cue: in business inventories]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Commerce Department had previously estimated that the gross domestic product advanced at a 1.3% rate last quarter. Consumer spending grew just 1.5%, down from an initial estimate of 2% in a sign that high interest rates may be taking a toll on the economy. Still, the report showed that the January-to-March slowdown was caused mainly by two factors…a surge in imports and a drop in business inventories.

Southwest Airlines projects weak pricing power in Q2

Southwest Airlines says a key revenue ratio will be weaker than expected in the second quarter because of changes in how consumers book travel. That’s not good news for Southwest, which is already under pressure from a hedge fund to make big changes, including getting rid of the CEO. Southwest says second-quarter revenue will rise as it adds more flights. But on a per mile basis, revenue will decline more than Southwest previously thought. That’s a sign of weak pricing power.

Poles seek safety in gold investments across their eastern borders

( ) -q-20- UNDATED (Correspondent Jeremy House) “gold remains steady.”

Russia’s war against Ukraine has led many people in neighboring Poland to invest in gold.

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Title: RUSSIA-UKRAINE-GOLD-house-q-THUam
Out-cue: gold remains steady]

TAG: Correspondent Jeremy House reporting. In Poland, gold’s allure is intertwined with the enduring trauma of World War II, when having gold could ensure survival.

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VERBATIM: While the war is far to the east, gold investors feel the precious metal offers them safety at a time of instability. The demand peaked first during the COVID-19 pandemic, and then when Russia invaded Ukraine in 2022. Now, more than two years into the war, the demand for gold remains steady.

Another walkout by British doctors

( ) -q-19- UNDATED (Correspondent Jeremy House) “concern for voters.”

Thousands of doctors in England are staging their 11th walkout in a long-running dispute with the government over pay and working conditions.

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Time: 19s
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Out-cue: concern for voters]

TAG: Correspondent Jeremy House reporting. Junior doctors have been locked in the pay dispute with the government since late 2022. The latest strike began Thursday and ends next Tuesday. That’s just two days before voters go to the polls to choose a new House of Commons.

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VERBATIM: The five-day strike by junior doctors in the early years of their careers comes just a week before the U.K. general election and shines a spotlight on the troubles besetting the National Health Service. Waiting lists for patients are at record highs. Polls show that the woeful state of public health is a top concern for voters.

Sean Spicer Explores “Trump’s Front Row Joes” In New Documentary

American Enterprise Scholar Blasts US Criticism Of Israel At UN

SCOTUS Rejects Case To Prohibit Government Influence On Social Media Posts

All eyes are on Nvidia’s stock, so what’s been going on?

( ) -q-28- UNDATED (Correspondent Jeremy House) “a minor slump.”

Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value.

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Out-cue: a minor slump]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022. Any stock that climbs as much as Nvidia has _ up more than 1,000% since the autumn of 2022 _ is vulnerable to some of its investors selling shares in order to lock in some profits. That earlier run makes a 13% drop over three days look like a minor slump.

EU: Microsoft breached antitrust rules by bundling Teams with office software

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules.

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Time: 28s
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Out-cue: a ‘distribution advantage’]

TAG: Correspondent Jeremy House reporting. Microsoft has since stopped packaging teams with Office in Europe but the commission said it’s not enough. Microsoft President Brad Smith said the company will work to find solutions to address the Commission‘s remaining concerns.”

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VERBATIM: It’s alleged that Microsoft tied its Teams messaging and videoconferencing app to its widely used business software. The European Commission said it’s concerned the U.S. tech giant has been “restricting competition” by bundling Teams with its core office productivity applications such as Office 365 and Microsoft 365. The commission said it suspects Microsoft might have granted Teams a “distribution advantage.”

Midwestern carbon dioxide pipeline project gets approval in Iowa

Iowa regulators have approved a controversial carbon dioxide pipeline for transporting emissions of the greenhouse gas for storage underground.

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Time: 22s
Title: DIOXIDE-PIPELINE-house-q-WEDam
Out-cue: around the Midwest]

TAG: Correspondent Jeremy House reporting. Farmers and the ethanol industry see the pipeline as a way to support new aviation fuel markets. Many landowners are opposed because they fear the taking of their land or a pipeline rupture releasing dangerous CO2 gas.

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VERBATIM: Regulators have approved Summit Carbon Solutions’ application for a permit to build and operate its pipeline. The $5.5 billion, 2,500-mile pipeline network would carry CO2 emissions from dozens of ethanol plants to be buried deep underground in North Dakota. But the project faces setbacks in other states and landowners around the Midwest.

“Sleight Of Hand”: Cotton Says Biden Misleading On Aid To Israel

Pompeo Says Biden Fear Of Escalation Eroding U.S. Deterrence

Canada to start 30-day consultation to impose surtax on Chinese EVs

( ) -q-24- UNDATED (Correspondent Jeremy House) “EVs this summer.”

Canada’s government is investigating whether to impose a surtax on imports of Chinese-made electric vehicles.

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Time: 24s
Title: CANADA-CHINA-EVs-house-q-TUEam
Out-cue: EVs this summer]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: A 30-day consultation on the issue will begin July 2. The consultation purpose is to counter what Deputy Prime Minister Chrystia Freeland says is a clear effort by Chinese companies to generate a global oversupply. Canada’s move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer.

Puerto Rico power company suspends maintenance projects, sparks outages

( ) -q-19- UNDATED (Correspondent Jeremy House) “on underground circuits.”

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory.

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Time: 19s
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Out-cue: on underground circuits]

TAG: Correspondent Jeremy House reporting. Luma Energy’s head of regulatory affairs, Mario Hurtado, tells The Associated Press the suspended projects, which he aims to bring back next year, risk more outages.

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VERBATIM: Some repairs have been postponed for at least a year because of budget constraints. The move puts at risk the already troubled grid and has sparked widespread outcry. Some of the deferred projects include maintenance of more than 100,000 light posts, fire mitigation and repairs on underground circuits.

Maui’s leaders consider restricting vacation rentals loved by tourists

( ) -q– UNDATED (Correspondent Jeremy House) “overwhelming the island.”

The mayor of Maui County in Hawaii wants to stop owners of thousands of vacation properties from renting to visitors.

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Time: 24s
Title: MAUI-RENTALS-house-q-TUEam
Out-cue: overwhelming the island]

TAG: Correspondent Jeremy House reporting. The units in question account for about half of Maui’s legally operated short-term rentals.

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VERBATIM: The mayor wants instead to have the units rented long-term to people who live on Maui to address a chronic housing shortage that intensified after last August’s deadly wildfire. His proposal faces multiple legislative and bureaucratic hurdles. The outcome will shape whether Maui continues to cater to tourists or whether it will curb tourism to address complaints that visitors are overwhelming the island.

President Biden To Allow Iranian Absentee Voter Stations In U.S. .

Danielle Pletka: “Arrogance” To Blame For Slow Weapons Shipments To Israel

Middle East Expert Says Israel Needs Weapons Soon To Face Hezbollah

Defense Expert Cliff May Says Soft Times Leave U.S. Less Able To Defense Democracy

CBO Raises 2024 Deficit Projection $400-Billion To $1.9 Trillion

Ben Domenech: Blinken Making Things Worse By Avoiding Escalation At All Costs

US chipmaker onsemi will invest $2 billion in a chip production facility in the Czech Republic

( ) -q-21- UNDATED (Correspondent Jeremy House) “day in Roznov.”

The U.S. chipmaker onsemi (ON seh mee) is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic.

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Out-cue: day in Roznov]

TAG: Correspondent Jeremy House reporting. The government said the investment would increase production by hundreds of percent and create more jobs.

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VERBATIM: The government said the money will be invested in the company’s existing production facility in the eastern Czech town of Roznov. It’s the biggest single foreign investment in the country since the split of Czechoslovakia in 1993. Onsemi, which is based in Scottsdale, Arizona, currently produces 10 million chips a day in Roznov.

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards

( ) -q-27- UNDATED (Correspondent Jeremy House) “unusual job security.”

The number of Americans applying for unemployment benefits slipped last week.

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Time: 27s
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Out-cue: unusual job security]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Labor Department reports jobless claims fell by 5,000 to 238,000 from a 10-month high of 243,000 the week before. The four-week average of claims rose by 5,500 to 232,750, the highest since September. Weekly unemployment claimsremain at low levels by historical standards, a sign that most Americans enjoy unusual job security.